09 June 2020
Visiongain has launched a new report Automotive Fuel Cell Market Report 2020-2030: Forecasts by Power Output (Below 150 KW, 150-250 KW, and Above 250 KW), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Electrolyte Type (PEMFC, SOFC, DMFC, and Others), by Component Type (Fuel Stack, Fuel Processor, Power Conditioner, and Others), by Region, Country and Profiles of Leading Companies.
The lead analyst of the report said: The automotive fuel cell market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive fuel cell.
A fuel cell is a device that converts chemical potential energy into electrical energy (energy stored in molecular bonds). A PEM (Proton Exchange Membrane) cell uses both hydrogen (H2) gas and oxygen (O2) gas as fuel. In the cell the reaction products are water, energy, and heat. This is a major improvement on internal combustion engines, coal burning power stations, and nuclear power plants, all generating toxic by-products. Fuel cell vehicles (FCV) use the fuel cells to drive the electric motor of the vehicle. Many FCVs use a combination fuel cell with a battery and a super capacitor to efficiently start, control and use the best source of energy for constant and peak efficiency. The fuel cell in FCVs uses air-oxygen and compressed hydrogen. Such vehicles emit only the by-products of water and heat. The key reason for developing automotive fuel cell technology is their performance, low or zero emissions, and the development of fuel from local sources instead of imported.
Further, emergence of COVID-19 pandemic has impacted the whole supply chain of automotive industry due to the complete lockdown in the operation of automotive to avoid the spread of coronavirus. This has hindered the growth of automotive fuel cells in 2020.
The 316 page report contains 424 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive fuel cell market. Visiongain provides $xxx million forecasts for the period 2020-2030 for the 2 leading automotive fuel cell submarkets, namely by type, PEMFC and SOFC.
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The 316 page report offers market forecasts and analysis for 17 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 10 companies leading the field in automotive fuel cell.
The Global Automotive Fuel Cell Market 2020-2030 report will be of value to anyone who wants to better understand the automotive fuel cell market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive fuel cell industry.
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The automotive fuel cell market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of automotive fuel cell.
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